The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Not quite sure what sort of message the company is sending out to shareholders with the restructuring of directors options... Looks like the 200p target was considered to be too high, so they restructured the options down to 150p. Not the best message of sp confidence imo.... Anyone got any thoughts on this?
Nomore
Nudge nudge
Experience shows that it is traditional for the property market to be affected by uncertainty before elections, with activity returning to above normal seasonal levels after the event. The company expects this trend to be borne out in 2015, with the property market remaining below last year's highly active level until polling day. Assuming a conclusive result, the company believes that the market will enjoy a post-election bounce, restoring transactions to 2014 levels. It anticipates that prices will recoup the weakness of the opening months and show modest appreciation for the year as a whole
Liberto a good summary and agree with your conclusion, although I am already in this share. No sign of a contraction yet, and as long as the head wind continues it is worth holding of me. gl
EV/EBIT - 10.38 P/E - 15.6 Yield - 3.4% Balance Sheet - Superb Business model - ever so light weight which explains the .... ROCE - very high! Summary - I think this is a great business that is fairly valued. The fly in the ointment is that I reckon the housing market will begin to contract somewhat over the next 12 months. Conclusion - Probably won't buy but this does look good enough to deserve a place on my watchlist
Excellent company good results
just keeps going!!! UTRS!!!!
Interesting!
Residential estate agent M Winkworth revealed a 25 per cent slump in half year pre-tax profit, after exceptional costs subdued market conditions, but it anticipates transactions in the UK will rise by 10 per cent in 2012 following an upturn in the final quarter. The group, which has been selling property since 1835, said pre-tax profit fell to £421,140 for the six months ended June 30th 2012 from £564,846 for the same period in 2011 after £90,000 of exceptional costs. Winkworth, which has opened five new offices in 2012 and has signed up for a further two in 2013, said exceptional costs related to the company's brand modernisation as well as a relatively weak international performance. Sales for the period were up 5.8% to £1.89m while cash generated from operations soared to £241,387 from £35,585 the year before. Earnings per share fell to 2.56p from 3.28p a year before. Commenting on market conditions, Chief Executive Officer Dominic Agace said: "With the festivities surrounding the London Olympics now over and the most recent government initiatives to lower the cost of mortgages in place, we expect the year to end well. In a still subdued market we anticipate that overall transactions in the UK will rise by 10% in 2012 following an upturn in the final quarter." "In the near term, we see our growth coming from our increasing number of country offices, where in 2012 to-date we have added 26% to the average property price listed and, as a result of these being plugged into the Winkworth network, increased average fees by 13%," he added. The group said it is still on track for substantial growth between 2012 and 2015, but expects much of the growth to come from outside of London as it builds on its existing presence in the country and as its earlier expansion efforts mature. An interim 2012 dividend of 2.4p has been declared.
fly
nam
lse